STAMFORD, Conn., March 19, 2020 /PRNewswire/ -- Today,
Synchrony (NYSE: SYF) and the Synchrony Foundation announced a
commitment of $5 million to support
hunger-relief organizations and local communities in the wake of
the coronavirus pandemic.
"In this time of crisis, we must all work together to overcome
challenges," said Margaret Keane,
CEO of Synchrony and President of the Synchrony Foundation.
"Synchrony is committed to serving our employees, partners, and
customers and to supporting communities in their greatest hour of
need. We're all in this together, and by uniting to help protect
the nation's most vulnerable and bring empathy into our actions, we
will get to a better day and a stronger future."
Coronavirus has impacted vulnerable populations, including the
aging population and low-income families. To support families and
communities facing hunger, Synchrony will donate $1.5 million to be allocated to national hunger
relief non-profits, including Feeding America's® COVID-19
Response Fund to help food banks across the country
support affected communities and Meals on Wheels America to
ensure older adults continue to receive the vital lifeline they
need.
The company will commit the remaining $3.5 million to local organizations to tackle
long-term needs in hard-hit communities as the outbreak
unfolds.
Synchrony's philanthropic initiative called Families that Work,
provides grant support to non-profits that are making a difference
in the lives of low- and moderate-income working families, tackling
challenges such as economic security, family homelessness, and
out-of-school care.
ABOUT SYNCHRONY
Synchrony (NYSE: SYF) is a
premier consumer financial services company. We deliver a wide
range of specialized financing programs, as well as innovative
consumer banking products, across key industries including digital,
retail, home, auto, travel, health and pet. Synchrony enables our
partners to grow sales and loyalty with consumers. We are one of
the largest issuers of private label credit cards in the United States; we also offer co-branded
products, installment loans and consumer financing products for
small- and medium-sized businesses, as well as healthcare
providers.
Synchrony is changing what's possible through our digital
capabilities, deep industry expertise, actionable data insights,
frictionless customer experience and customized financing
solutions.
For more information, visit www.synchrony.com and
Twitter: @Synchrony.
Media Contact:
Angie
Hu
Angie.Hu@syf.com
(203) 585-2681
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SOURCE Synchrony